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FHA proposes updates to reverse mortgage debenture interest rates

Housing Wire

Debenture interest refers to the percentage of a return that an investor would receive for lending money through a debenture. These changes are designed to “reaffirm” FHA’s commitment to the HECM program, as well as its long-term stability, the ML explained. 19, 2017, which went into effect later that year.

Mortgage 443
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Finance of America to acquire Parkside’s wholesale biz

Housing Wire

Finance of America intends to acquire Parkside Lending ‘s third-party origination channel operation for $40 million, the publicly traded lender and servicer announced Tuesday. It’s the latest in a string of big M&A deals in the mortgage lending space – and the growing wholesale channel in particular – over the past six months.

Finance 370
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The State of Mortgage Credit Availability

Appraisal Buzz

A decrease in the MCAI suggests tighter lending rules, whilst an increase in the index indicates looser credit. Mortgage credit availability increased in May, according to the Mortgage Credit Availability Index (MCAI) , a report from the Mortgage Bankers Association (MBA) based on data from ICE Mortgage Technology. The MCAI increased by 0.1%

Mortgage 343
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Finance of America CEO Patti Cook announces retirement

Housing Wire

I am so proud to have played a role in building this purposefully different consumer lending platform with the broadest range of products and services designed to help a diverse consumer base,” Cook said. The company grew to more than 5,000 employees across 300 global offices during this period. “I

Finance 394
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Are Appraisers Professionals?

Appraisal Today

It’s not just about acquiring designations but staying informed about market dynamics, industry changes and emerging trends. Acre lot, built in 1962 John Sugden, a disciple of Mies van der Rohe and a luminary in architectural design, crafted this home with a robust U.S The appraisal includes no recent sales of similar design.

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Appraisal Institute Counters Flawed Appraiser Bias Narrative

Appraisal Today

Acres, Built in 2004 Cape Cod style, it is not. There are a lot of shingle-style homes here that are iconic, but this one’s distinctive design stands out and is completely different.” Designed for the outdoor enthusiast, the 5,200-square-foot property has five bedrooms and direct access to hiking and mountain biking trails.

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Appraiser Scam – Be Careful!

Appraisal Today

Custom-built in 2004, the 50,275-square-foot mountain spread sits on 75 acres just west of Denver. Examples of overt references to race, ethnicity, and other prohibited bases under federal fair lending laws in appraisals and other property descriptions persist, indicating the continued presence of valuation bias. Key Takeaways.